Shared by
boldandnuts
BABA started to sell off into the open and hovered around 144.50. When it looked like it would break VWAP around that level I took a starter into the previous days low of 144, anticipating a break. Way too soon as usual as there was a pullback first. I stuck with it, but a little nervous doing so. Dip an Rip Risk.
BABA played out nicely and I took a first partial into the first spike lower. Market had no direction yet. Better be safe than sorry.
Took rest off around 143. Good trade, but could have let it played out for the longer run or add back.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-12-18 09:30:00 | BABA | sell | $144.210 | short |
| 2018-12-18 09:36:00 | BABA | buy | $143.360 | short |
| 2018-12-18 09:38:00 | BABA | buy | $142.870 | short |
| 2018-12-18 09:41:00 | BABA | buy | $142.910 | 0 |
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